The Dollar Index rose to a two-week high as investors fled higher-yielding currencies in favor of the relative safety of dollar-denominated assets.

The U.S. currency rose against the majority of its 16 major counterparts before U.S. reports tomorrow that economists said will show durable-goods orders gained and house prices increased as the Federal Reserve may reduce monetary stimulus. June 25 U.S. Department of Commerce will present the figures on orders for durable goods, which, according to analysts, the rise in May, up 3% compared with April. Expected positive report and the real estate market. According to experts, the April housing price index from the S & P / Case-Shiller will grow by 10.6% compared with a year earlier. These may correspond to the March figures, which showed the highest growth in the last seven years.

In the last hours of the dollar began to fall back from highs against the euro and other higher-yielding currencies after comments from Fed officials. Today in London the speech of President Richard Fisher Federal Reserve Bank of Dallas. Recall that Fisher is one of the most vocal critics of quantitative easing, the central bank. Responding to questions, Fisher said that "it is expedient to reduce pokypki assets" and "tax-perezapystit byudzhetnyyu politiky."

Partly on the rate of the euro / dollar have affected the data for Germany. As it became known that the business sentiment in Germany in June improved, raising hopes for the restoration of sentiment among Europe's largest trading partners. The business confidence index rose a second straight month to 105.9 in June from 105.7 in May, being above its long term average 101 and above expectations of economists. Increasing Ifo index gave relief as uncertain business prospects and reduce exports to the Evrobloka affected by the recession have been a deterrent to corporate investments during the year. Business expectations for the next six months improved to 102.5 in June from 101.6 in May. But about 7,000 managers participating in the monthly Ifo survey were less satisfied with their current business situation sub-index fell to 109.4 from 110.0 in the previous month. Ifo study offers hope that business sentiment also restore the position of the major European trading partners, particularly France and Italy.

The Japanese yen rose against the dollar, although it retreated from earlier reached the maximum values ​​that are likely to be associated with a convincing victory for Japan's ruling coalition in local elections on Sunday, the result of which showed strong support economic recovery policies of Prime Minister Shinzo Abe. Resounding victory in the municipal elections in Tokyo will win the election administration Abe next month in the upper house of parliament. This result will allow the Prime Minister to continue monetary policy, begun in December, on assuming office, which led to a rapid weakening of the yen. In case of victory of the ruling Liberal Democratic Party of Japan and its coalition partners in the elections to the upper house of parliament in July, Abe will have full control of both houses of parliament, which will easily take the necessary legislation to implement the political program of the Prime Minister, including reform the regulatory framework. Experts point out that the news somewhat positive, since winning elections for the upper house will facilitate the government to implement its policies.

EUR/USD $1.3075, $1.3300

USD/JPY Y97.00, Y99.00, Y99.50

EUR/JPY Y128.00

CBP/USD $1.5465 $1.5580

CBP/JPY Y150.50

CBP/CHF Chf1.4300

EUR/CHF Chf1.2325

AUD/USD $0.9300

USD/CAD C$1.0290, C$1.0350

Data

08:00 Germany IFO - Business Climate June 105.7 106.0 105.9

08:00 Germany IFO - Current Assessment June 110.0 109.6 109.4

08:00 Germany IFO - Expectations June 101.6 102.0 102.5

The euro exchange rate fell slightly against the dollar, while retreating from session highs, as the attention of many market participants moved to the U.S. data. Note that orders for durable goods and consumer confidence index from the Conference Board - is a major U.S. reports this week, and the overall risks are downward, although the main index of orders may be higher than expected on the background of aircraft orders.

More important may be the performances by the Fed, starting with today's speech Fisher.

It is also worth noting that partially influenced the course of trade data for Germany. As it became known that the business sentiment in Germany in June improved, raising hopes for the restoration of sentiment among Europe's largest trading partners.

The business confidence index rose a second straight month to 105.9 in June from 105.7 in May, being above its long term average 101 and above expectations of economists.

Increasing Ifo index gave relief as uncertain business prospects and reduce exports to the Evrobloka affected by the recession have been a deterrent to corporate investments during the year. Business expectations for the next six months improved to 102.5 in June from 101.6 in May. But about 7,000 managers participating in the monthly Ifo survey were less satisfied with their current business situation sub-index fell to 109.4 from 110.0 in the previous month.

Ifo study offers hope that business sentiment also restore the position of the major European trading partners, particularly France and Italy.

The Japanese yen rose against the dollar, although it retreated from earlier reached the maximum values ​​that are likely to be associated with a convincing victory for Japan's ruling coalition in local elections on Sunday, the result of which showed strong support economic recovery policies of Prime Minister Shinzo Abe. Resounding victory in the municipal elections in Tokyo will win the election administration Abe next month in the upper house of parliament. This result will allow the Prime Minister to continue monetary policy, begun in December, on assuming office, which led to a rapid weakening of the yen. In case of victory of the ruling Liberal Democratic Party of Japan and its coalition partners in the elections to the upper house of parliament in July, Abe will have full control of both houses of parliament, which will easily take the necessary legislation to implement the political program of the Prime Minister, including reform the regulatory framework. Experts point out that the news somewhat positive, since winning elections for the upper house will facilitate the government to implement its policies.

EUR / USD: during the European session, the pair is trading in the range of $ 1.3077-$ 1.3125

GBP / USD: during the European session, the pair fell to $ 1.5340

USD / JPY: during the European session, the pair fell to Y97.72

At 13:00 GMT Belgium will release the index business sentiment for June. At 16:30 GMT the United States in a speech made by a member of the Committee on the Federal Open Market R. Fisher.

EUR/USD

Offers $1.3200/10, $1.3180, $1.3160/65, $1.3150, $1.3130, $1.3120/30

Ордера на покупку $1.3079, $1.3075-70, $1.3030-20, $1.3000

GBP/USD

Offers $1.5530/35, $1.5495/500, $1.5470/80, $1.5450/55, $1.5420, $1.5380

Bids $1.5343, $1.5330, $1.5300, $1.5275/70, $1.5250/40

AUD/USD

Offers $0.9313/20, $0.9300, $0.9270/80, $0.9225/30, $0.9200/10

Bids $0.9143, $0.9120, $0.9100, $0.9095/92

EUR/GBP

Offers stg0.8595/600, stg0.8575/80, stg0.8552, stg0.8542

Bids stg0.8475/70, stg0.8465/60, stg0.8445/40, stg0.8420, stg0.8400

EUR/JPY

Offers Y129.80, Y129.50, Y129.39, Y129.09/21, Y128.85/90

Bids Y128.18/12/08, Y128.00, Y127.79 21, Y127.55/50, Y127.10/00

USD/JPY

Offers Y99.45/50, Y99.00, Y98.76, Y98.65/70, Y98.35/40

Bids Y97.50, Y97.20, Y97.00, Y96.80, Y96.55

EUR/USD$1.3075, $1.3300

USD/JPYY97.00, Y99.00, Y99.50

EUR/JPYY128.00

CBP/USD$1.5465 $1.5580

CBP/JPYY150.50

CBP/CHFChf1.4300

EUR/CHFChf1.2325

AUD/USD$0.9300

USD/CADC$1.0290, C$1.0350

The dollar rose to a two-week high versus the yen before data that may add to the case for the Federal Reserve to pare back bond purchases.

The U.S. currency strengthened ahead of reports tomorrow that will probably show orders for durable goods grew and house prices continued to recover. Bookings for appliances, vehicles, engines, electronics and other durable goods grew 3 percent in May after rising 3.5 percent the prior month, economists in a Bloomberg News survey project a report tomorrow from the Commerce Department will show. The S&P/Case-Shiller index of home values for 20 cities probably rose 10.6 percent for the year ended April after a 10.9 percent increase in March that was the biggest year-over-year advance since 2006, according to the median forecast in another survey of economists before the June 25 report.

Fed Bank of Dallas President Richard Fisher will speak on monetary policy in London today. Fisher, one of the most vocal critics of the central bank's quantitative easing. He won't speak from prepared remarks, and will take questions from the audience and media.

The yen slumped against most major peers as Japan's ruling coalition won a majority in Tokyo elections, signaling support for Prime Minister Shinzo Abe. In Japan, the ruling Liberal Democratic Party and its coalition partner won nearly two thirds of the seats in a weekend Tokyo assembly poll, boding well for the party's prospects in a national upper house election in July.

Declines in the euro were limited before the release of a survey of German business confidence today. The Ifo institute's business climate index, based on a survey of 7,000 executives, probably rose to 105.9 in June from 105.7 last month, according to the median forecast in a Bloomberg News survey.

EUR / USD: during the Asian session the pair fell to $ 1.3085

GBP / USD: during the Asian session the pair fell to $ 1.5365

USD / JPY: during the Asian session the pair rose to Y98.70

Monday's calendar is fairly quiet, with much of the week's main data and central bank speakers due later in the week. However, the much watched Ifo is due. However, markets will have plenty to focus on today, as markets in Asia continue the volatility of recent session as US Treasury yields hit fresh 2-year highs. At 0800GMT, the German Ifo Survey will be released. After the better than expected euro area flash PMIs last week, markets will be looking for further evidence of an improvement in the German economy. Expectations are for a modest uptick in the Business Climate index to 105.9, with the Current Assessment seen at 109.8. Also at 0800GMT, Italy's June ISTAT consumer confidence survey will be released.